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Carl Schmaling 1907 - 1985

Carl Schmaling of Delavan, Walworth County, Wisconsin was born on June 12, 1907, and died at age 78 years old in September 1985.

Carl Schmaling
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Delavan, Walworth County, Wisconsin 53115
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June 12, 1907
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September 1985
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Updated: November 4, 2011
Biography ID: 55274725 What's this
Carl Schmaling Carl Schmaling (1907 - 1985)
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Carl Schmaling's History: 1907 - 1985

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  • 06/12
    1907

    Birthday

    June 12, 1907
    Birthdate
    Unknown
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  • 09/dd
    1985

    Death

    September 1985
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  • Did you know?
    Carl Schmaling lived 2 years longer than the average family member when died at the age of 78.
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In 1907, in the year that Carl Schmaling was born, in October, over a 3 week period, the New York stock exchange fell almost 50% from the previous year's high mark. Public panic ensued and there were runs on banks since the U.S. was in the middle of a recession. J.P. Morgan offered his own fortune to back the banks and he was followed by other financiers. This temporarily shored up the banking system, stopping the immediate panic. All of this led to the creation of the Federal Reserve.
Did you know?
In 1913, at the age of just 6 years old, Carl was alive when ratified in February the 16th Amendment, establishing a Federal income tax, became law. Previously, customs duties (tariffs) and excise taxes were the primary sources of federal revenue. With the passage of the 16th Amendment, incomes of couples exceeding $4,000, as well as those of single persons earning $3,000 or more, were subject to a 1% Federal tax (that would be about $98,000 and $74,000 now). Rates rose to 7% for incomes over half a million dollars. Less than 1% of the population was subject to income tax.
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Carl Schmaling's Family Tree & Friends

Carl Schmaling's Family Tree

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Carl Schmaling Jun 12, 1907 - Sep 1985
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Other Biographies

Other Schmaling Family Biographies

Schmaling, Kenneth (Jan 1, 1917 - Feb 5, 1993) Schmaling, Joseph (Jul 8, 1921 - Nov 1981) Schmaling, Mary (Jun 4, 1896 - Apr 3, 1995) Schmaling, John (May 10, 1919 - Apr 17, 2007) Schmaling, Frederick (Mar 23, 1914 - Dec 4, 1969) Schmaling, Merle (Jun 13, 1923 - Oct 1975) Schmaling, Roy (Oct 16, 1921 - Apr 1983) Schmaling, John (Apr 26, 1915 - Jun 2, 2002) Schmaling, Lester (Jul 8, 1914 - Jan 21, 1990) Schmaling, Jeffries (Sep 20, 1924 - Jun 30, 2009)
Schmaling, Jenny (Sep 19, 1923 - Oct 23, 1996) Schmaling, Eleanor (Feb 18, 1923 - Apr 24, 2005) Schmaling, Wilma (Nov 29, 1912 - Oct 1, 1990) Schmaling, Robert (Aug 13, 1924 - Nov 12, 2007) Schmaling, Sanford (Mar 16, 1925 - Mar 18, 2002) Schmaling, Jean (Jul 2, 1926 - Aug 12, 2011) Schmaling, James (May 23, 1904 - Aug 31, 1988) Schmaling, Ceressa (Jan 14, 1907 - Feb 1984) Schmaling, Catherine (Oct 9, 1943 - May 25, 2003) Schmaling, Mary (Dec 17, 1891 - Sep 1965)
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